Daily Archives: September 22, 2016

With more than a million rooms combined, Marriott and Starwood now make up the largest hotel company in the world. After months of rumors about a takeover of the struggling Starwood Hotels & Resorts Worldwide hotel company, in the end, it was Marriott International that sealed the deal. Marriott announced …

“In the history of independent Georgia there have never been so many opportunities for hard-working people with a dream to launch or grow their own businesses. Those with an entrepreneurial spirit have more chances to succeed than ever”, – Georgian Prime Minister has declared about it in his speech in …

Georgian handbag company Gepherrini will sell its products in France. Products have already entered the EU market and customers will be able to purchase them in near future. At first bags will be sold in Nice. As the head of the company Ilia Gepheridze told Businesscontact, at this stage bags are …

The execution of Shah Deniz Stage 2 project, one of the largest gas developments in the world is implemented by almost 82 percent, and the work is continued in accordance with the schedule, BP, which acts as an operator of the project reported. “Work on the expansion of Sangachal terminal …

Azerbaijan plans to send first two wagons with 90 tons of light petroleum distillate via the South-West transportation route soon, said the message from the country’s ADY Express company. ADY Express has already started test transportation via this route, according to the message. The company will send two test wagons …

Mutual collaboration memorandum was signed between National Wine Agency of ministry of agriculture of Georgia and “Georgian Wine Culture Center” of Urumqi, Xinjiang province, China. The memorandum was signed by the head of National Wine Agency, Giorgi Samanishvili and the general manager of Beifang Jianda, Tong Jia. “Georgian Wine Culture …

A day after China and Georgia announced they will sign a free trade agreement later this year, Georgia’s agriculture minister said the two countries’ wine industries will quickly be big beneficiaries. “Our countries have a special relationship that goes back to the Silk Road era and before,”said Levan Davitashvili, who …

Today starts the Georgian Wine Week, organized by Georgia’s Ministry of Agriculture and National Wine Agency. A number of events will be held throughout Georgia till October 2. Wine festivals will be held in Telavi and Marneuli, including wine contests and other activities. The Week starts on September 22 with …

70% of retail and corporate deposits have been placed at three commercial banks and total portfolio exceeds 1 billion USD. A major part of retail and corporate depositors show trust to TBC Bank and Bank of Georgia. 01.09.16 01.08.16 1 Bank of Georgia 4 680 119 4 782 …

On exports markets the demand for Georgian gold is growing. Over the past year exports of unprocessed or semi-processed gold has increased by 37.2%. According to Geostat, the national statistics service of Georgia, in January-July 2013 unprocessed or semi-processed gold worth 55.3 million USD was exported to foreign markets, up …

The unique taste of Georgian wine is making an impression in Japan, where last week a local wine producer won seven medals at a prestigious wine competition. Georgia’s Badagoni wine company was honoured wih gold, silver and bronze medals at the 19th Japan Wine Challenge, an event regarded as one …